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11 - A Perspective on the Prospects for Economic Growth in the United States

from Part VI - A Concluding Perspective

Published online by Cambridge University Press:  21 October 2021

John W. Diamond
Affiliation:
Rice University, Houston
George R. Zodrow
Affiliation:
Rice University, Houston
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Summary

The chapters in this volume provide insightful and provocative discussion of many of the issues related to whether the United States is likely to continue on the robust growth path of earlier years or whether economic growth is likely to decelerate or even enter an extended period of “secular stagnation.” In this concluding chapter, the editors of the volume tie together some of the threads that appear in the various chapters, extend the analyses in several directions, and discuss some policy implications. The discussion is organized around three themes: (i) technology and productivity growth; (ii) labor markets and economic growth, including the importance of human capital accumulation and the role of immigration; and (iii) fiscal policy, including both expenditure and tax reform.

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Publisher: Cambridge University Press
Print publication year: 2021

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